Insightful Monday Options Analysis: DECK, SPOT, LEG

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On October 26, 2023, notable trading activity was observed in options for Deckers Outdoor Corp. (DECK), Spotify Technology SA (SPOT), and Leggett & Platt, Inc. (LEG). DECK’s options trading reached 19,059 contracts, or 1.9 million shares, about 52.2% of its average daily volume of 3.7 million shares. The $79 strike call option for DECK saw particularly high volume with 3,005 contracts.

Spotify’s options volume hit 10,636 contracts (1.1 million shares), representing 52.1% of its monthly average of 2.0 million shares. The $590 strike call option for SPOT recorded 1,328 contracts. Meanwhile, Leggett & Platt’s options trading was at 8,967 contracts (896,700 shares), accounting for 51.7% of its average daily volume of 1.7 million shares, with the $10 strike put option seeing 3,879 contracts.

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